diff --git a/Cargo.lock b/Cargo.lock
index f1bbec594c..42af107e56 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2923,18 +2923,18 @@ checksum = "f638d531eccd6e23b980caf34876660d38e265409d8e99b397ab71eb3612fad0"
 
 [[package]]
 name = "serde"
-version = "1.0.160"
+version = "1.0.162"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bb2f3770c8bce3bcda7e149193a069a0f4365bda1fa5cd88e03bca26afc1216c"
+checksum = "71b2f6e1ab5c2b98c05f0f35b236b22e8df7ead6ffbf51d7808da7f8817e7ab6"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.160"
+version = "1.0.162"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "291a097c63d8497e00160b166a967a4a79c64f3facdd01cbd7502231688d77df"
+checksum = "a2a0814352fd64b58489904a44ea8d90cb1a91dcb6b4f5ebabc32c8318e93cb6"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index 71c7eb4d4d..caf7c49579 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -59,7 +59,7 @@ scale-value = "0.7.0"
 scale-bits = "0.3"
 scale-decode = "0.5.0"
 scale-encode = "0.1.0"
-serde = { version = "1.0.159" }
+serde = { version = "1.0.162" }
 serde_json = { version = "1.0.96" }
 syn = { version = "2.0.15", features = ["full", "extra-traits"] }
 thiserror = "1.0.40"